Problem Coins For ANACS to Grade?

I inherited a nice type set of coins from my grandfather the other year that got me started collecting. Problem is, most of them have been cleaned with lots of hairlines. They are higher grade coins that have been scrubbed down. For example, I have an 1873 Seated Dollar in XF - AU condition that has been polished. The few nice coins that weren't cleaned I already sent to PCGS.

Anyways, ANACS will be at the coin show in Raleigh this weekend. They usually run cheap submission specials at shows. What is your thoughts on submitting problem coins to them just to get them authenticated and slabbed? I have a nice Trade Dollar (cleaned of course) that they could authenticate since so many are fakes.

Would you spend the money to submit 10-15 coins at $10-$12 each knowing they will come back details?

 

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If they are coins that are heavily counterfeited than I would say yes.

 

I did exactly that at last year's Raleigh show. (Well, they weren't all details coins.) Like you, I was mainly after authentication; while I understand that ANACS-slabbed coins trade at a discount to the Big Two, it seems like they're still a "market-acceptable" source of authentication.

I emailed ANACS asking exactly what the special was this year, but I've received no response. I think last year they were running a general (mail-order) 10 for 10 ($10 each) sale, and they offered that pricing at the show but with no (or much higher) value limit. I took advantage of that to get some gold into slabs. Also, of course, no shipping or insurance to get the coins to them, although they still charged return shipping and insurance.

Since they've just announced their new "Dollars and Cents (and Halves)" promotion (again, $10 each for a 10-coin minimum), I'm guessing that they'll offer the same at the show, but for all denominations.

 

I saw on the coin show website that they will be offering a show special but didn't say what it was. I am also assuming it will be like last years

 

I have a 1916 D Mercury dime that is very very hard to tell if the mint mark exists and thought about sending it to them. It is bent but even if it is authentic details, I got it for free anyways.

 

ANACS is garbage. Trust PCGS or NGC.
If you are only looking for authentication then you should learn the skill of authenticating coins. Another way to put it is knowing how to spot fakes.

 

Actually it's dollars, halves and cents this time around, minimum 10.

 

PCGS and NGC are garbage too. I have coins of theirs to prove it.

 

they are all garbage unless they agree with your assessment of the coin

 

I disagree. How can people new to collecting learn to authenticate "coins"? I think you need to have years of experience. ANACS are very specialized with Morgans and I am sure they can tell if a CC Morgan is fake or not. Maybe they are lenient, so what? Everybody knows that. So YES, I would submit trade dollars, CC Morgans and any scarcer coins to them when you're at the Raleigh show.

 

More to the point, even if you're an authentication genius with a 0% failure rate, how are you going to prove it to the person thinking about buying your coin?

If you want to put your coin on the market, a big-name slab effectively removes any doubt as to its authenticity. As far as I can tell, ANACS authentication is no less accepted than PCGS or NGC. If that's not true, I'd like very much to know about it.

 

That is a really silly (well, I deleted the word: ignorant) statement.
Sure, NGC & PCGS sell for more, but ANACS is still a very good company.
Case in point: I sent them a 1912 S V-nickel that came back G-06. At last year's ANA Chicago show I simply asked how many letters they needed for a VG.
They apologized, and reslabbed it VG-08 -- NO CHARGE!

I asked why, and they said, why should you pay for our mistake.

Nice folks.

Also, they are way better than others for varieties.

I submitted a 1909 S and JP Martin looked at it, he instantly asked me if I realized the variety (I did know it was there, but wanted to see if they did).

Yes, it was a 1909 S/hor S. No added fee for noting it on the label.

It is now in a 63 RB holder.

They have agreed on every variety that I have ever submitted.

As for your other statement:
"If you are only looking for authentication then you should learn the skill of authenticating coins. Another way to put it is knowing how to spot fakes."

If you are capable of spotting every fake out there, then you are better than I am, or even Doug (See his comment above).
The most important part of the certification, to me, is that it is a guarantee that the coin is authentic.


Think again.

 

I agree, very much.

 

I would like to 'like' this, but ...


I

Just



CAN'T!

[Sorry, Doug!]

 

I too spoke to ANACS about the possibility they missed something. They told me I could resubmit the coin to them for free. They have great customer service too I've found. It makes me feel they are user friendly. I think I will continue to use them in the future. I also have been impressed with ANACS and ICG. Their customer service, courtesy and keeping you updated on your order status seem the best. Both seem very willing to please, wanting to be more than fair regarding price and being generous to their customers.

 

agreed!

Great folks at shows.

 

egad, Doug.

TWICE!

I must be slipping!

Or you are more right than usual